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Ethanol Prices Climb on Strong Demand for Fuel as Drivers Hit Road

Ethanol Prices Climb on Strong Demand for Fuel as Drivers Hit Road

Demand for fuel as drivers return to the road is pushing ethanol prices close to an all-time high.

Prices for ethanol, the corn-based fuel that is a common additive to gasoline, have risen about 50% year to date, with the near-term contract trading at about $2.20 a gallon on the Chicago Board of Trade. The price pushed through $2 a gallon earlier this year, the first time since 2014 it has done so. August traffic on the streets was up 8% from last year, according to the U.S. Federal Highway Administration.

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